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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: TraderAlan who wrote (1006)9/5/1998 8:00:00 PM
From: Gary Korn  Read Replies (2) | Respond to of 7382
 
Question for MBT people regarding trade confirm/cost information:

I'm doing about 20 to 25 round-trips a day now, using Fidelity Spartan. I can confirm during the day (from the Fido web site) that I'm flat (bought and sold equal amounts). I know that MBT has similar confirming information.

However, not until about midnight my time (California time) is the Fido web site updated with commission and exchange fee information. That is, the actual cost per trade (including commissions and exchange fees).

As I enter all of this stuff into Quicken (and it is getting to be quite a task), it is getting more difficult (as I do more day trades) to have to wait until midnight to begin entering trade data. I can't wait until the morning, because by the time I'd enter the data, the markets would be open.

So, I guess my questions are twofold: (1) is the MBT intraday confirm data complete, that is, does it include all costs (commissions, exchange fees), and, if not (2) can you get this data off of the MBT web site, and if so, when?

Thanks,
Gary Korn



To: TraderAlan who wrote (1006)9/5/1998 8:19:00 PM
From: Largo  Read Replies (1) | Respond to of 7382
 
Regarding the 'lost' bank wire. Of the 30 or so wire transfers I have done they are invariably missing in action for a seemingly endless period of time. Different banks, different destinations. I wish someone could explain where the money is when it is not where it left and not where it is going. One wire transfer was missing for 2 business days across a three day weekend. And it was a very large sum of money.

I think its a conspiracy to float someone elses money.

Bottom line I wouldn't blame SWS necessarily.

Regards.



To: TraderAlan who wrote (1006)9/6/1998 9:06:00 AM
From: funk  Read Replies (1) | Respond to of 7382
 
I think it is fair to say that Southwest Securities, a venerable clearing house, has been an imperfect partner for MBT. I guess that's why they will not be the clearing firm for MB Trading much longer.

good luck

funk